Common use of EXPIRY OF THE COLLECTIVE AGREEMENT Clause in Contracts

EXPIRY OF THE COLLECTIVE AGREEMENT. 6.1 Upon the expiry of this Collective Agreement or any extension thereof, the trustees in office at the time or the trustees appointed by the Registrar of Labour Relations shall continue to administer the Fund(s) for a period of at least two years in order to pay out benefits due to the beneficiaries and, subject to the approval of the Registrar of Labour Relations and moneys standing to the credit of the Fund(s) after the said period of at least two years shall accrue to the general funds of the Council. 6.2 If upon expiry of the said period of at least two years, the affairs of the Council have already been wound up and its assets distributed, the balance of the Fund(s) shall be distributed in terms of the provisions of the Council’s Constitution.

EXPIRY OF THE COLLECTIVE AGREEMENT. 6.1 5.1 Upon the expiry of this Collective Agreement or any extension thereof, the trustees Council in office at the time or the trustee or trustees appointed by the Registrar of Labour Relations shall continue to administer the Fund(s) Funds for a period of at least two years in order to pay out benefits due to the beneficiaries and, subject to the approval of the Registrar of Labour Relations and moneys Relations, any money standing to the credit of the Fund(s) Funds after the said period of at least two years shall accrue to the general funds of the Council. 6.2 5.2 If upon expiry of the said period of at least two years, the affairs of the Council have already been wound up and its assets distributed, the balance of the Fund(s) Funds shall be distributed in terms of the provisions of the Council’s Constitution.